Add-on Acquisition • Safety/Security

RA-Lock Security Solutions Acquires Service Central

On October 10, 2023, RA-Lock Security Solutions acquired safety/security company Service Central

Acquisition Context
  • This is RA-Lock Security Solutions’ 1st transaction in the Safety/Security sector.
  • This is RA-Lock Security Solutions’ 1st transaction in the United States.
  • This is RA-Lock Security Solutions’ 1st transaction in Illinois.

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M&A Deal Summary

Date October 10, 2023
Target Service Central
Sector Safety/Security
Buyer(s) RA-Lock Security Solutions
Deal Type Add-on Acquisition
Advisor(s) Kreshmore Group (Financial)

Target Company

Service Central

Steger, Illinois, United States
Service Central offers innovative security solutions to customers from a wide range of industry sectors. Product offerings include cash handling, metal cabinets, high security locks, and security bars used within the banking, legal/court room, amusement, gaming, vending, laundry, and appliance industries. Service Central is based in Steger, Illinois.
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Buyer Overview 1

Buyer

RA-Lock Security Solutions

Midlothian, Texas, United States

Category Company
Founded 1969
Sector Safety/Security
DESCRIPTION

RA-Lock Security Solutions is a manufacturer and designer of high-security lock housings, mainly for the vending and payphone industries. RA-Lock Security Solutions was founded in 1969 and is based in Midlothian, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Safety/Security 1 of 1
Type: Add-on Acquisition 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1